Q1 revPAR rises 4.3% for Ashford Hospitality

Ashford Hospitality REIT posted an increase of 4.3% for revenue per available room in the first quarter. Properties in its Highland Hospitality portfolio posted a 7.7% increase in revPAR, while its Legacy properties still in operation saw a 3.4% rise. Adjusted earnings before interest and taxes increased $7.3 million year over year.